If you are intrigued by the financial markets and you also like to think about numbers, then a finance major is worth considering. Earning a Bachelor of Science in Finance can provide you with relevant skills and opportunities to help achieve your academic goals and expose you to numerous career possibilities. If you are having trouble deciding if a Bachelor of Science in Finance and Economics is right for you, here's some questions to consider.
What Will I Study?
Earning a Bachelor of Science in Financegives you the opportunity to study business, money, financial analysis, decision-making, accounting, the economy and internationalism of business and trade. Popular topics include financial evaluations, management of businesses and finance functions within modern corporations while considering legal and ethical issues in business. You will learn to use spreadsheets and other software used to process and present financial data. While a bachelor’s degree in finance will build upon your finance skills, you will also be taught leadership and communication skills.
What Traits Should I Possess?
When dealing with finances, it is extremely important to be detail-oriented, organized, analytical and a good communicator. It is also important to embrace an open, curious, entrepreneurial and innovative spirit while obtaining strong leadership skillsso that you may understand how business decisions affect financial goals and objectives. You will need strong mathematical and statistical skills in order to understand and analyze the financial data.
What Are My Job Prospects?
As a graduate of the Bachelor of Science in Finance, you may explore a career in any enterprise where money is the medium of exchange. Typical examples include corporate finance, banking, insurance or investment management. However, all businesses, including nonprofit and government organizations require the use of money and an understanding of the economy. Here are some of the career options to consider:
- Financial planner
- Financial analyst
- Investor relations associate
- Budget analyst
- Load officer
- Accountant
- Credit managers
- Risk managers
You can also consider enhancing your knowledge by applying for a master’s degree in finance. Earning an MBA in Finance degree will prepare you to work in business management positions, often in investment banking and corporate finance. Alternatively, pursuing a master’s degree may offer students more of an opportunity to integrate mathematics, economics, accounting and associated disciplines with the theories and application of finance.
Key Benefits of Getting a Finance Degree
Finance is a high-stakes industry. Individuals and corporations will not trust their financial future to just anyone. That is why getting a finance degree is extremely valuable. Getting your finance degree allows you to:
- Master skills that prepare you for real-world job responsibilities
- Work for wide range of employers
- Set the stage for getting professional certifications
- Choose from a wide range of financially-rewarding careers
- Join a popular industry that expects a stable growth
How To Decide?
Finance is an exciting major with plenty of career opportunities. If you are interested in solving problems in creative ways or helping companies to plan how to grow their revenue or maintain profitability, a finance major is right for you. A Bachelor of Science in Finance will help you develop multiple skillsets with a great outlook for success after your graduation. To decide, you should understand what this degree offers and if it suits your interests.
If you are organized, detail-oriented and enthusiastic about helping businesses succeed, then a Bachelor of Science in Finance from Grand Canyon University could be the perfect fit for you! Learn more about our business degrees by visiting our website or clicking on the Request More Information button at the top of the page.
The views and opinions expressed in this article are those of the author’s and do notnecessarily reflect the official policy or position of Grand Canyon University. Any sources cited wereaccurate as of the publish date.
FAQs
If you are interested in solving problems in creative ways or helping companies to plan how to grow their revenue or maintain profitability, a finance major is right for you. A Bachelor of Science in Finance will help you develop multiple skillsets with a great outlook for success after your graduation.
How do I know if a finance degree is right for me? ›
Understanding money is central to the finance major, so you should be detail-oriented and comfortable working with numbers. At the same time, work in finance also involves a lot of interaction with other people, so communication skills are also important.
Is a BS in finance worth it? ›
Develop valuable skills: A finance degree can help you develop skills such as critical thinking, problem-solving, and financial analysis, which can be applied to a wide range of careers. Job security: Finance is a stable and growing field, meaning there are always opportunities for skilled professionals.
What kind of person should go into finance? ›
Superior communication skills, attention to detail, strong quantitative and analytical skills are a must for this role.
What does a Bachelor of Science in finance do? ›
A bachelor's degree in finance prepares students for roles in corporations, government agencies, nonprofit organizations, and institutional investors, such as insurance companies and hedge funds.
Is finance math heavy? ›
One thing that's for sure is the high amount of math you will need to study. Finance is a mathematical discipline, so if you aren't as comfortable with math as with other ways of thinking, you may find it more challenging. Additionally, finance also makes use of a vast, highly specific vocabulary.
Is finance a tough major? ›
Is finance a hard major compared to other business fields? Finance can be challenging, but the difficulty level may vary depending on individual strengths and interests. Some find its quantitative aspects demanding, while others struggle with the theoretical concepts.
Do companies prefer BS or BA? ›
Fortunately, most employers do not prefer one degree type over the other. Learners should focus on earning a good GPA to impress employers. Students who find math and science easier than other subjects may perform better in a BS program. Learners who thrive in the creative disciplines may excel in a BA program.
Is finance hard if you're bad at math? ›
Believe it or not, mastery of advanced math skills is not necessary to have a career in finance. With today's technology, all math-related tasks can be done by computers and calculators. That said, there are some basic math skills that would certainly make you a better candidate in the finance industry.
What are the cons of a finance degree? ›
They can include high stress, big responsibility, long working hours, continuing education requirements, and, in some cases, a lack of job security—the finance industry is generally quite cyclical.
Introverted sensors, ISTJs are known as the best personality type for accounting jobs, CFO positions, or careers as auditors. This type is loyal, hardworking, and understands the importance of their roles; but the real predictor of success here is their analytical nature that enables them to work quickly and precisely.
Is finance major oversaturated? ›
The Most Oversaturated College Majors: Finance, Computer Science, Marketing. Discover the most oversaturated and competitive college majors like finance, computer science, and marketing. Find out why these majors attract a high number of graduates but struggle to find jobs in their field.
What is the hardest job in finance? ›
One of the most difficult jobs in Finance is to be the CFO of a PE firm or a PE-backed company. According to a Big 4 firm's survey, turnover of CFOs in PE and PE-backed companies is notoriously high, reaching 80% in less than five years; half of whom are gone within three years.
Is a BS in finance good? ›
For many professionals, a bachelor's degree in finance is worth it because it is the starting point for a successful and lifelong career. By analyzing data, studying financial markets, and assessing risks, finance professionals help individuals and organizations stay within their budgets and earn competitive salaries.
Is a finance degree right for me? ›
If you are interested in solving problems in creative ways or helping companies to plan how to grow their revenue or maintain profitability, a finance major is right for you. A Bachelor of Science in Finance will help you develop multiple skillsets with a great outlook for success after your graduation.
Which degree is best for finance? ›
5 Majors to Consider for a Career in Finance
- Finance. Finance majors learn how to make financial decisions for organizations. ...
- Economics. Economics majors learn to decode the systems behind what can often appear impossible to understand. ...
- Business Administration and Management. ...
- Accounting. ...
- International Business.
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Is it hard for finance majors to get a job? ›
Getting your foot in the door of a finance job isn't always easy. Start by getting part-time or full-time finance internships, ideally while you're still studying, to gain a competitive edge. As you rack up years of experience, your options will improve.
What type of finance degree is best? ›
An MFin or MS in finance are strong options for students who prefer finance-specific courses or careers based on advanced mathematic principles. An MBA in finance provides students with more coursework on business and management principles for flexible careers within the business world.
Is finance a happy major? ›
Overall, finance students rate their satisfaction with their degree a 3.1 out of 5.
